In This Issue >>> Issue Message from the Mayor eight Monroe Business Profile | Heavenly Soap Monroe’s Business News Available Commercial Properties County & State News The Indicators Calendar Back page announcements | New Chamber Director

Monroe, Economic Development Newsletter for June, 2019

MonroeBusiness Message from the Mayor >>> Monroe Business Profile >> Heavenly Soap As we enter the remaining days of summer, getting out and about to enjoy the many events and experiences James Palmer: Good morning, Patti. Can you tell me a is a must. From The Evergreen State Fair to fishing little about your business, Heavenly Soap? on the river, Monroe is fortunate to have a full Patti Gibbons: I’d love to. I make all natural bar soaps, schedule of events ande activities right here in town. shampoos, conditioners, lotions and bath fizzies. So get out and enjoy our beautiful community and JP: When you say “all natural” what do you mean? show support for the Monroe businesses and PG: My products have no artificial colorings, no organizations that put on and sponsor our summer chemicals, and all of my scents are chemical free events calendar. essential oils. The end of summer also means it’s time for the annual JP: How long have you been in business? Monroe Business Survey. As the kids head back to PG: I started making soap in my apartment in Mountlake school and everyone returns from their summer vacations, we take the opportunity to poll our Terrace over ten years ago and I outgrew that quickly. I Patti Gibbons, Owner, businesses on how things are going. We need to hear then started looking a place to open a store as well as a Heavenly Soap from you to understand what challenges you see on place to live. I looked at several places but when I saw an the horizon and what ideas you have for improving the opening in the Savoy Building I business climate of our city. The survey is an integral knew I had found my location in part of the city’s decision making process. It helps city Monroe. I just celebrated 8 years officials identify the issues that are most important to you and your business. Last year’s survey highlighted at this location in April. what many in our community feel is one of its biggest JP: Tell me about your customers? issues; homelessness. As a result of that PG: I’d say my customers are overwhelming consensus The Homelessness Policy evenly spread between walk-ins, Advisory Committee (HPAC) was formed. The events like farmers’ markets and purpose of the HPAC is to provide a forum for the street fairs and then online sales. I coordination of information among local citizens and ship out online orders every day. stakeholders to seek thoughtful, effective, and lasting solutions to the City’s homelessness crisis. If you’d JP: Tell me what you like about doing like to view the results of last year’s survey go to 2018 business in Monroe. Monroe Business Survey. The 2019 survey will be PG: There’s an outstanding community available from Sept. 1 to Nov. 31. So when you receive it in your email, please amongst the business owners in Monroe. All take the time to fill it out and of us in Main Street talk and communicate provide us with the voice of regularly and support each other. Monroe business so we can ensure it is also still has that small town feel and the city represented in the decision officials are very accessible and responsive. making process. JP: Thank you Patti. I appreciate your time. For more information about Yours in Service, Heavenly Soap, contact Geoffery Thomas, Mayor If you’d like to be interviewed for the Patti at Business Profile, email MCC Agenda 08/27/2019 [email protected] Page 1 of 15 [email protected] Staff/Department Reports #3 Downtown Promenade >>>

Monroe Business News >>>

We can only hope that whoever does House, a similar event for the end up buying the bakery, they will Fyrelands is being considered. The continue to provide the high quality businesses in the Fryeland Industrial baked goods and the excellent area are a vital component of customer service that Andrew and Monroe’s commercial activities. Mary have delivered to Monroe for Industrially zoned properties are in decades. We wish Andrew and Mary critical shortage across the Puget all the best in retirement. Sound region and Monroe needs to understand how this shortage effects the growth of our local industrial Fryelands Industrial >>> businesses. Would an Open House Downtown Promenade >>> The City is seeking input on hosting an forum that focused on the Fryelands Open House with City officials for the be useful? Please share your thoughts After 32 years, Sky River Bakery’s owners are ready to retire. Andrew Abt and his wife, Fryelands Industrial area. An Open to [email protected] Mary Thorgerson, are in the process of selling House for the Downtown Promenade

the Sky River Bakery with hopes of finding was recently held to discuss issues that

someone with the passion for baking and a are relevant and specific to that head for business. Andrew informed us that commercial zone. The opportunity to although he is in discussions with some hear directly from businesses is potential buyers, a deal has not yet been invaluable to city administration. After concluded. the success of the Downtown Open House, hosting other forums for other commercial areas is being AVAILABLE PROPERTY HIGHLIGHTS For more available properties, contact James Palmer at (360) 631-0050 or

Commercial properties can be offered in a variety of ways. Most common is “Triple Net” or NNN. NNN the lessee agrees to pay all real estate taxes, building insurance, and maintenance (the three "nets") on the property in addition to any normal fees that are expected under the agreement (rent, utilities, etc.) Another lease type is “Full Service” or “Gross Lease.” In a Full Service lease the landlord directly pays all or most usual costs. These costs are often passed on to the tenant in rent as a “Load Factor.” Varying $/sqft will also depend on allowable uses. Check with the City’s Asst. Planner/Code Compliance at [email protected] for questions related to allowable uses at specific locations.

Zoning Address sqft $/sqft Broker Contact

Downtown Commercial 120 W. Main St. 3600 sq/ft + full basement $17/ft/yr – Owner pays Contact 425-442-2791 (Promenade) property tax – Tenant pays util Owner, Paul Downtown 101 E. Main Ste. #101 2500 sqft $22.00/SFand maint. NAISanders Puget 425-586-5625

Commercial Sound 425-586-5609 (Historic Main) Properties Industrial Lake Tye Business Campus 5200 SF $1.45 / SF Kidder 425 450 1103 Bldg 4 NNN Mathews 16726 146th St SE

Industrial 14532 169th Dr SE, Suite 122 2,587 sqft $1.45 / SF Kidder 425 450 1103 NNN Mathews Downtown 115 - 1171/2 West Main St Ste.#208 - 140 sqft $395/mo Owner 808-989-1919 Commercial Monroe, WA 98272 Ste.#209 - 140 sqft $350/mo Vicky or 206-349- (Historic Main Upper Various Suites Ste.#209B -140 sqft $350/mo Nardone 7982 level – Prof. Office in all include water/sewer/garbage Ste.#210 - 160 sqft $350/mo the Savoy Building) + $5/mo for heat & electricity $395/mo

Industrial/Warehouse 16726 146TH ST SE Space Available:2,432 $8.40 /SF/Yr Kidder 425 450 1103 MCC AgendaSte.# 08/27/2019 141 SFOffice Size 250 SF NNN Mathews Page 2 of 15 Staff/Department Reports #3

News of Monroe >>> COUNTY NEWS: June

Tuesday, July 30, 2019 | Bothell’s Country Village City Indicators >>> homes up for grabs, with a catch. Historic homes from the early 1900s are being offered up to Net Sales Tax Collected $438,894.64 anyone who can move them. The developer, Pulte Homes, is offering the historic Ericksen House and Carriage Barn to Total Active Business Licenses 1,115 anyone able to move the buildings off the property. The New Business Licenses 121 houses are available until April 1. If no one accepts the offer, Terminated 18 Pulte Homes will be able to apply for a demolition permit. Building Permits Anyone interested in moving these historic buildings is encouraged to call Pulte Homes at 425-216-3443. Commercial Building 0 Snohomish County Seeks Volunteers to Serve on the Pro and Commercial T/I 6 the Con Committees for the Fireworks Advisory Vote Residential - SFR 11 Residential - Multi 166 Everett, WA — The Snohomish County Council voted to place an advisory vote regarding fireworks before the voters of Snohomish County for the General Election in November 2019. The advisory vote would be non-binding and would ask the Residential – TaxSFR Revenue following question: $600,000.00Residential – Multi-unit Should the Snohomish County Council enact an ordinance $500,000.00 prohibiting the discharge of consumer fireworks in the unincorporated urban growth areas of Snohomish County? $400,000.00 Yes * or No * $300,000.00 If you are interested in serving on a committee, please submit a completed application to the Snohomish County Council no $200,000.00 later than 5 PM on Wednesday, July 31, 2019. $100,000.00

To apply, click on the following link: $0.00 https://www.snohomishcountywa.gov/AdvVote Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Questions/Concerns? Projected Actual [email protected]

STATE NEWS: Permits (SFR/Tenant Internship Openings in the Office of Economic Development Improvement/Commercial/Multi-Residential and Competitiveness in - July 30, 2019 183 The Washington State Department of Commerce, Office of 200 Economic Development and Competitiveness office in 150 downtown Seattle recruits volunteer interns on an ongoing basis based on need. They currently have a need in the 100 Business Recruitment, Retention and Expansion Unit, and ask 27 50 10 16 12 18 that interns volunteer 10-20 hours per week, for a minimum term of three months. Ideal candidates will be in their junior 0 or senior year in college with a 3.3 GPA or higher, or have Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec recently completed their degree, or be enrolled in a master’s degree program. Past interns have gone on to work with local consulting firms, tech and aerospace companies, economic development agencies, federal trade agencies and New Business Licenses international organizations. 150 To apply, send a current resume and cover letter to Mary 121 Ferguson at [email protected], AND also fill out the online application form 100 at: http://www.commerce.wa.gov/growing-the- economy/business-development/internship-openings/ 50 17 12 9 1 2 0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

MCC Agenda 08/27/2019 Page 3 of 15 Staff/Department Reports #3

Calendar 2019 >>> Back page announcements >>> Friday, Aug 2 | 8:00 PM - 11:00 PM Movies under the Moon "Incredibles 2" New Executive Director at the Monroe Chamber of Commerce. Please Lake Tye Park 14964 Fryelands Bouelvard welcome, Terry Schuler Tuesday, August 6 | 5:30 PM - 8:30 PM Night Out Monroe Hello, my name is Terry Schuler, yes, dad always wanted a boy, he was blessed Lake Tye Parkm 14964 Fryelands Blvd. with 4 daughters. National Night Out is a gathering of communities all across the nation that bring citizens, I was raised in Sydney, Australia and finished high school in Honolulu, Hawaii. businesses, churches, law enforcement - I attended the University of Puget Sound in Tacoma, Washington then started my everyone in the community - together for a fun career with the YES, Youth Eastside Services, Manager of the SUCCESS in the and relaxing evening. Police, Fire and over 40 Bellevue Schools. Then to Big Brothers Big Sisters of King County where I was the vendor booths address all forms of crime Director of the School Based Program, matching local business with local inner-City prevention . Free hot dogs, pizza and water are schools, encouraging their employees to mentor socially and academically at-risk provided as well as fun events for all, including students. bouncy houses and face painting for the kids, fire and police demonstrations, and K-9. I returned to school and earned a Master of Business Administration from City University, Seattle. Tuesday, August 06 | 8:00 am - 9:30 am EASC Introductory Seminar | Location: A career change took place and I become the Director of Columbia Lutheran’s In Economic Alliance Snohomish County 808 134th home Care Division. I worked closely with local business in the Health/Home Care St SW Suite 101, Everett, WA 98204 Price: $0.00 industry, educating them on the different levels of care, and what is coved and not The EASC Introductory Seminar will teach potential, new, and covered by Medicare. renewing investors about what EASC is, how we partner with our investors to act as a catalyst for economic vitality in For the past 5 years I have been the Manager of the Northshore Mill Creek Senior Snohomish County, and how to take advantage of the benefits of membership. It’s a great chance to meet some of Center, in this career I designed and implemented fundraising events, recruited the staff, learn about what we’ve been up to this year, and instructions, volunteers and presenters with senior focused issues including, legal, network! Coffee and light snacks provided. financial and social.

Wednesday, Aug 7 | 3:00 PM - 7:00 PM You will find me to be deeply committed to our community, an enthusiastic motivator, Monroe Farmers’ Market and I have had marked success in organizing fundraisers, building community Every other Wednesday starting May 29th held relationships, and developing beneficial community alliances. I am a natural leader at the Galaxy Theater Parking Lot, 1 Galaxy Way and energized by team building, volunteer recruitment, designing successful business strategies, and forming sustainable partnerships with Tuesday, August 13 | 11:30 AM, Monroe community stakeholders. Chamber of Commerce Luncheon Location: The Rock Church, 16891 146th St SE My most cherished accomplishment is raising three #145, Monroe, WA 98272 incredible young adults, who are all successfully Join other Monroe area businesses for its monthly luncheon. launched, except for the furniture/boxes in my garage. In December I’m marrying the love of my Tue, Aug 13 | City Council Regular Business life, Tim Stouse on the island of Kauai. Thankfully Meeting Tim appreciates and supports my passion, he will Location: City Hall be the photographer for the Monroe Parade on Tuesday, August 13 | 8:00 am - 9:30 am | Saturday August 22nd. Location: Delta Hotel by Marriott • Price: $20.00 - $30.00 | The Speaker Series – Presented by If you would like more information about Wells Fargo the Monroe Chamber or have questions, This month’s Speaker Series topic is: Assessing U.S.-China contact [email protected] Trade War Impacts. Our featured Speaker this month is Dr. Spencer Cohen, economist at Community Attributes, Inc. Trade with China is an important economic driver for Snohomish County and Washington state. Dr. Spencer Cohen will share his thoughts on how we got here and what impacts Contact Us >>> the trade war has had on local businesses, communities, and City of Monroe households across the state. Cancellations made after 8/09 will not be eligible for a refund. Economic Development Office 806 West Main Street Aug. 22 – Sept. 2 The Evergreen State Fair...Jam Monroe, WA 98272 Packed Fun! 10 am to 10 pm; closes at 6 pm on 360-631-0050 Labor Day [email protected] www.monroewa.gov

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Page 4 of 15 Staff/Department Reports #3

MONROE City Council ECONOMIC INDICATORS August 27, 2019

MCC Agenda 08/27/2019 Page 5 of 15 Staff/Department Reports #3 MEDIAN HOUSEHOLD INCOME

$82,589 $78,000 $77,269 $74,093 $66,174

MCC Agenda 08/27/2019 Page 6 of 15 Staff/Department Reports #3 REVENUE AND BUILDING PERMITS Jan-May 2018 2019 Difference (+/-) Difference $ (+/-) %

Population 18,860 19,250 +510 +2.78 Sales Tax $2,076,673 $2,139,773 +$63,100 +3 Real Estate Excise $563,595 $452,242 ($111,354) (19.75) Lodging Tax $24,518 $24,719 +201 +.1 Business License Fees $20,842 $27,359 +$6,517 +31.26 Building Permit $264,257 $269,480 +$5,222 +2 Planning Fee $11,645 $31,195 +19,550 +168 SFR Permits 47 56 9 19 MFR Permits 0 166 units +166 Inspections YTD 623 1,087 +464 75

MCC Agenda 08/27/2019 Page 7 of 15 Staff/Department Reports #3

MCC Agenda 08/27/2019 Page 8 of 15 Staff/Department Reports #3 SNOHOMISH COUNTY EMPLOYMENT/WAGES City/County Firms Employment Total wage Avg. Wage Bothell 1,509 18,888 $1,562,940,014 $82,746 Everett 5,082 111,355 $8,500,168,443 $76,334 Mukilteo 723 11,263 $802,856,209 $71,286 Mountlake Terrace 507 7,429 $480,058,388 $64,617 Snohomish County (total) 21,192 298,318 $18,551,303,490 $62,186 Lynnwood 3,170 41,697 $2,124,559,012 $50,953 Edmonds 1,626 14,600 $732,419,048 $50,166 Woodway 24 97 $4,697,819 $48,514 Mill Creek 600 5,672 $274,566,106 $48,407 Snohomish 1,737 13,683 $658,941,803 $48,157 Monroe 852 10,156 $462,392,857 $45,527 Darrington 60 661 $29,946,286 $45,305 Arlington 1,140 13,224 $595,638,074 $45,041 Lake Stevens 787 6,550 $291,004,817 $44,428 Marysville 1,502 20,729 $911,075,395 $43,952 Stanwood 585 5,242 $226,600,207 $43,226 Brier 107 320 $13,783,497 $43,017

MCC Agenda 08/27/2019 Page 9Sultan of 15 144 1,133 $47,016,709 Staff/Department$41,516 Reports #3 EMPLOYMENT BY INDUSTRY From 2016 to 2017, employment in Monroe, WA grew at a rate of 12.6%, from 7.28k employees to 8.2k employees.

The most common employment sectors for those who live in Monroe, WA, are Manufacturing (1,259 people), Retail Trade (1,148 people), and Construction (1,010 people). This chart shows the share breakdown of the primary industries for residents of Monroe, WA, though some of these residents may live in Monroe, WA and work somewhere else. Census data is tagged to a residential address, not a work address.

1,184 people

1,010 people 1,259 people

MCC Agenda 08/27/2019 Page 10 of 15 Staff/Department Reports #3 INCOME BY LOCATION

522.06 522.03 $101,157 $100,606

522.04 $95,728

This map shows all of the places in Monroe, WA colored by their Median Household Income (Total).

In 2017, the place with the highest Median Household Income (Total) in Monroe, WA was Census Tract 522.06 with a value of $101,157, followed by Census Tract 522.03 and Census Tract 522.04, with respective values of

$100,606MCC Agenda 08/27/2019 and $95,728. Page 11 of 15 Staff/Department Reports #3 MONROE HOUSING MARKET ANALYSIS 2018

2018 Median Home Value Increase over 2017 SFR Lots Proposed Monroe $424,885 17.4% 700

MCCSnohomish Agenda 08/27/2019County $460,292 15.1% Page 12 of 15 Staff/Department Reports #3 2017 RETAIL LEAKAGE 10-MIN DRIVE

Interpreting Leakage Index 1.0 = equilibrium, meaning that demand and sales in the area being analyzed are in balance.

.80 = demand exceeds sales by 20%, meaning that consumers are leaving the area being analyzed.

1.2 = sales exceed demand by 20%, meaning that consumers are coming from outside the area being analyzed.

MCC Agenda 08/27/2019 Page 13 of 15 Staff/Department Reports #3 (SOME) CONCLUSIONS BASED ON INDICATORS

Housing construction is a volatile economic driver with “boom and bust” cycles Historic housing cycle is 7 years Current economy is strong but indicators (ie . housing starts) are weakening Large manufacturing space is in demand but supply of land in Monroe is insufficient Monroe would benefit from attracting higher wage jobs Need more information on home -based businesses Need to ensure distribution of housing types across city to avoid pockets of poverty Consider how delivery economy meets “leakage” needs Continue to seek business that offer experiences (“Make it in Monroe”) Build on “adventure” brand

MCC Agenda 08/27/2019 Page 14 of 15 Staff/Department Reports #3 QUESTIONS?

MCC Agenda 08/27/2019 Page 15 of 15 Staff/Department Reports #3